Akamai Technologies, Inc. $AKAM Shares Acquired by Lmcg Investments LLC

Lmcg Investments LLC grew its holdings in shares of Akamai Technologies, Inc. (NASDAQ:AKAM) by 12.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,106 shares of the technology infrastructure company’s stock after purchasing an additional 12,035 shares during the period. Lmcg Investments LLC’s holdings in Akamai Technologies were worth $8,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AKAM. UMB Bank n.a. lifted its holdings in Akamai Technologies by 50.8% in the second quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after acquiring an additional 133 shares during the last quarter. Mutual Advisors LLC lifted its holdings in shares of Akamai Technologies by 4.0% in the 2nd quarter. Mutual Advisors LLC now owns 4,609 shares of the technology infrastructure company’s stock worth $372,000 after purchasing an additional 177 shares during the last quarter. Main Management ETF Advisors LLC boosted its position in Akamai Technologies by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 11,728 shares of the technology infrastructure company’s stock valued at $935,000 after purchasing an additional 192 shares during the period. Meridian Wealth Management LLC grew its stake in Akamai Technologies by 3.2% during the 2nd quarter. Meridian Wealth Management LLC now owns 6,354 shares of the technology infrastructure company’s stock worth $507,000 after buying an additional 196 shares during the last quarter. Finally, Westport Asset Management Inc. lifted its stake in Akamai Technologies by 0.8% in the second quarter. Westport Asset Management Inc. now owns 25,200 shares of the technology infrastructure company’s stock valued at $2,010,000 after buying an additional 200 shares during the last quarter. 94.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AKAM shares. Weiss Ratings restated a “hold (c)” rating on shares of Akamai Technologies in a research report on Monday, December 29th. Piper Sandler raised their target price on Akamai Technologies from $86.00 to $89.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Bank of America cut their target price on Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Oppenheimer began coverage on Akamai Technologies in a research note on Monday, November 17th. They issued an “outperform” rating and a $100.00 price target for the company. Finally, HSBC lifted their price objective on shares of Akamai Technologies from $130.00 to $134.00 in a research note on Monday, November 10th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $96.11.

Insider Activity

In other news, CTO Robert Blumofe sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $86.00, for a total transaction of $301,000.00. Following the sale, the chief technology officer owned 24,410 shares in the company, valued at $2,099,260. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mani Sundaram sold 10,438 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $89.25, for a total transaction of $931,591.50. Following the completion of the transaction, the executive vice president directly owned 13,550 shares of the company’s stock, valued at $1,209,337.50. This represents a 43.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 28,818 shares of company stock worth $2,550,754. 2.00% of the stock is owned by company insiders.

Akamai Technologies Stock Up 2.1%

AKAM stock opened at $93.49 on Friday. The firm has a market cap of $13.45 billion, a PE ratio of 27.42, a P/E/G ratio of 3.38 and a beta of 0.68. Akamai Technologies, Inc. has a 12 month low of $67.51 and a 12 month high of $103.75. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a 50 day simple moving average of $88.08 and a 200 day simple moving average of $80.55.

Akamai Technologies (NASDAQ:AKAM) last announced its quarterly earnings data on Thursday, November 6th. The technology infrastructure company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.22. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. Akamai Technologies had a return on equity of 14.16% and a net margin of 12.26%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 EPS. Akamai Technologies has set its FY 2025 guidance at 6.930-7.130 EPS and its Q4 2025 guidance at 1.650-1.850 EPS. Equities research analysts forecast that Akamai Technologies, Inc. will post 4.6 earnings per share for the current fiscal year.

Akamai Technologies Profile

Akamai Technologies, Inc is a leading provider of content delivery network (CDN) services and cloud security solutions designed to optimize and safeguard digital experiences. Leveraging a globally distributed platform, the company accelerates web and mobile content delivery for enterprises, media companies, e-commerce platforms and government agencies. Its edge computing architecture brings processing power closer to end users, reducing latency and improving application performance across geographies.

The company’s core offerings include content acceleration, web and mobile performance optimization, media delivery, and a suite of cybersecurity solutions that protect against DDoS attacks, application-layer threats and bot-driven fraud.